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Coca Cola to invest $350m in Pakistan

DBR Staff Writer Published 09 October 2015

Coca Cola has plans to invest around $350m in Pakistan to help bolster the country’s economy and enable job creation.

Coca Cola bottle

A delegation of execuives from the company led by its president for Eurasia and Africa Nathan Kalumbu met the country's Finance Minister Mohammad Ishaq Dar in order to discuss the investment plans of the soft drinks company in Pakistan.

Kalumbu told the Finance Minister that in the wake of economic stability in Pakistan in the past two years and after having achieved positive rating from international credit agencies, Coca Cola has initiated its investment in the country, reported Dailytimes.com.pk.

Coca Cola is establishing three new plants, one each in Karachi, Multan and Islamabad. The new plants would enable job creation and spur economic development in the regions.

Kalumbu was quoted by publication as saying that as the country ranked seventh in terms of size in Coca Cola's Eurasia and Africa group, the company is focusing on bolstering production, marketing and other commercial activities in the country.

The new investment would mean that the company, which currently employs 4,000 people in the country, would increase the employee count significantly in the near future.

The member delegation who met the Finance Minister included Coca Cola Middle East and North Africa president Curtis A Ferguson, Coca Cola general manger for Pakistan and Afghanistan region Rizwanullah Khan, Coca Cola Beverages Pakistan general manager John Mathew Galvin.

Image:Coca Cola to help economic development in Pakistan. Photo: Courtesy of THE COCA-COLA COMPANY.